On 26 September 2013, Shareholder’s Meeting of Latvenergo AS approved the decision to increase company’s share capital, based on the law on State and municipality capital shares and capital companies, Commercial law, law on expropriation of public person`s property and the Cabinet of Ministers Rules No. 705 (30 June 2009) On standard articles of association of state and municipality stock companies.
 
Share capital of Latvenergo AS is increased by LVL 614,040, by paying for the new shares with property investment owned by state for the total value of LVL 614,040; therefore, the share capital of Latvenergo AS will be LVL  905,219,000. The Shareholder’s Meeting approved the terms of increasing share capital of Latvenergo AS and amendments to Latvenergo AS Articles of Association in new version.  In the share capital has been invested 404 land parcels and 4 buildings with a total land area of 21.8078 ha, which is already used state capital property by Latvenergo AS.

Additional information:
 
Jānis Irbe
 
Group Treasurer
 
Phone: +371 67 728 239
 
E-mail: investor.relations@latvenergo.lv
 
www.latvenergo.lv/investors/eng
 
About Latvenergo
 
Latvenergo Group is a pan-Baltic energy company, engaging in electricity and thermal energy generation and supply, electricity distribution services and management of transmission system assets. Latvenergo Group holds one-third of the entire Baltic electricity market, thus ensuring its leadership in the Baltic electricity supply. Latvenergo AS has been acknowledged as the most valuable company in Latvia for several years in a row. International credit rating agency Moody’s has assigned Latvenergo AS an investment-grade credit rating of Baa3/stable.
 
Latvenergo Group includes the parent company Latvenergo AS (electricity and thermal energy generation and supply) and its subsidiaries Latvijas elektriskie tīkli AS (management of transmission system assets), Sadales tīkls AS (electricity distribution), Elektrum Eesti OÜ (electricity  supply in Estonia), Elektrum Lietuva UAB (electricity  supply in Lithuania) and Liepājas enerģija SIA (thermal energy generation and supply, electricity generation), as well as Elektrum Latvija SIA (electricity supply), a subsidiary of Elektrum Eesti OÜ.